Dunham Large Correlations

DCLVX Fund  USD 19.83  0.03  0.15%   
The current 90-days correlation between Dunham Large Cap and Dodge Cox Stock is 0.92 (i.e., Almost no diversification). The correlation of Dunham Large is a statistical measure of how it moves in relation to other instruments. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak. If the correlation is 0, the equities are not correlated; they are entirely random.

Dunham Large Correlation With Market

Almost no diversification

The correlation between Dunham Large Cap and DJI is 0.94 (i.e., Almost no diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Dunham Large Cap and DJI in the same portfolio, assuming nothing else is changed.
  
Check out Investing Opportunities to better understand how to build diversified portfolios, which includes a position in Dunham Large Cap. Also, note that the market value of any mutual fund could be closely tied with the direction of predictive economic indicators such as signals in real.

Moving together with Dunham Mutual Fund

  0.74DNAVX Dunham Dynamic MacroPairCorr
  0.83DNAIX Dunham AppreciationPairCorr
  0.94DNDGX Dunham Small Cap Steady GrowthPairCorr
  0.93DNFGX Dunham Focused LargePairCorr
  0.91DNFRX Dunham Floating RatePairCorr
  0.68DNIOX Dunham InternationalPairCorr
  0.83DNHYX Dunham High YieldPairCorr
  1.0DNLVX Dunham Large CapPairCorr
  0.9DNMDX Dunham Monthly DistrPairCorr
  0.9DNSVX Dunham Small CapPairCorr
  0.98DNSPX Dunham Enhanced MarketPairCorr
  0.86DAAIX Dunham AppreciationPairCorr
  0.73DAAVX Dunham Dynamic MacroPairCorr
  0.94DADGX Dunham Small CapPairCorr
  0.92DAFRX Dunham Floating RatePairCorr
  0.93DAFGX Dunham Focused LargePairCorr
  0.84DAHYX Dunham High YieldPairCorr
  0.71DAIOX Dunham InternationalPairCorr
  1.0DALVX Dunham Large CapPairCorr
  0.9DAMDX Dunham Monthly DistrPairCorr
  0.98DASPX Dunham Enhanced MarketPairCorr
  0.9DASVX Dunham Small CapPairCorr
  0.69DCAVX Dunham Dynamic MacroPairCorr
  0.84DCAIX Dunham AppreciationPairCorr
  0.94DCDGX Dunham Small CapPairCorr
  0.93DCFGX Dunham Focused LargePairCorr
  0.92DCFRX Dunham Floating RatePairCorr
  0.61DCIOX Dunham InternationalPairCorr
  0.81DCHYX Dunham High YieldPairCorr

Moving against Dunham Mutual Fund

  0.66DNCGX Dunham PorategovernmentPairCorr
  0.66DACGX Dunham PorategovernmentPairCorr
  0.92USPSX Profunds UltrashortPairCorr
  0.92USPIX Profunds UltrashortPairCorr
  0.67DCCGX Dunham PorategovernmentPairCorr

Related Correlations Analysis

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Risk-Adjusted Indicators

There is a big difference between Dunham Mutual Fund performing well and Dunham Large Mutual Fund doing well as a business compared to the competition. There are so many exceptions to the norm that investors cannot definitively determine what's good or bad unless they analyze Dunham Large's multiple risk-adjusted performance indicators across the competitive landscape. These indicators are quantitative in nature and help investors forecast volatility and risk-adjusted expected returns across various positions.